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India Home Loan Q1 net profit down 78.70% at Rs 0.23 cr

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Published on 09-11-2019

The company reported standalone net profit of Rs 0.23 crore for the quarter ended June 30 2019 as compared to Rs 1.08 crore in the same period last year registering a year-on-year decline of 78.70 per cent.

Net revenue of the company rose moderately by 7.10 per cent at Rs 7.84 crore in April-June quarter of this fiscal as against Rs 7.32 crore in the corresponding period last year.

During April-June quarter operating expenses increased by 26.85 per cent to Rs 1.89 crore from Rs 1.49 crore in year ago period.

Other Income grew by 35.71 per cent at Rs 0.19 crore versus (Jun`18 Rs 0.14 crore).

Operating Profit surged by 2.23 per cent to Rs 5.96 crore as against Rs 5.83 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 4.58 per cent in June quarter.

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